CANG · Cango Inc.

Summary

Cango Inc. entered into an Investment Agreement dated February 11, 2026 with Armada Network Limited, an entity wholly-owned by Chairman Xin Jin, to issue 19,267,287 Class A Ordinary Shares at US$1.32 per share for US$25,432,819, subject to NYSE supplemental approval and customary closing conditions. This transaction, alongside a similar US$39.6 million investment from a director-affiliated entity, will provide US$65 million in equity funding for AI and computing infrastructure expansion.

Key takeaways

• Investment Agreement with Armada Network Limited (wholly-owned by Chairman Xin Jin) for 19,267,287 Class A Ordinary Shares
• Aggregate purchase price of US$25,432,819 at US$1.32 per share
• Closing on 5th Business Day after NYSE Supplemental Approval and other conditions
• 6-month lock-up restriction on Purchased Shares post-Closing
• Transaction exempt under Regulation S of Securities Act
• Part of US$65M total Class A investments from chairman and director entities plus recent US$10.5M Class B closing